Carousel Capital, a private investment firm with more than $300 million under management, has made an investment in Charlotte-based AGDATA.
The amount of the investment was not disclosed.
AGDATA, which was founded in 1985, provides outsourced database management and services in the agriculture and crop protection, animal health and healthcare industries. The firm also has a healthcare division, MedData, that provides services to physicians, hospitals and billing services.
As part of the transaction, Verl Purdy will remain as chief executive officer of AGDATA, Carousel Capital said. Purdy is also the firm’s chairman and will maintain what Carousel called a “significant ownership stake”.
Carousel Capital: www.carouselcap.com